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Hotel Pricing in a Social World

About this paper

The hotel industry is in a new buying environment that some call "value transparency." To price effectively, hotel revenue managers must understand how consumers use user-generated content in conjunction with price to make hotel purchase decisions. To understand the implications of these dynamics, Kelly McGuire of SAS and Breffni Noone of The Pennsylvania State University conducted a series of studies set in the context of an online hotel purchase. The results shows clearly that today's hotel managers must understand their value proposition from the consumer perspective. Read more to learn what works – and what doesn't – in setting effective pricing strategies.

About SAS

SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 80,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.

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